A 24-year-old man has been arrested in Gurgaon for allegedly defrauding more than 20 companies of nearly Rs 3.5 crore. The accused, identified as Saurabh Goyal, a resident of Sector 5 and proprietor of Pushpanjali Enterprises, was taken into custody by the Economic Offences Branch II on Friday.
According to police, the fraud came to light after representatives of over 20 companies filed a complaint at Sector 14 police station on October 7, 2025. The complainant firms alleged that Pushpanjali Enterprises and its operators, including Saurabh Goyal, Manish, and Virendra Goyal, had dishonestly procured goods worth crores of rupees from multiple suppliers.
Investigators revealed that the accused placed bulk orders for commodities such as spices, cumin, almonds, and other products, assuring suppliers that payments would be cleared promptly. However, the cheques issued in the company's name later bounced.
Police alleged that after obtaining the goods, the accused sold them in the market, collected cash payments, and then shut down their offices, switched off their mobile phones, and absconded without clearing dues. During interrogation, Saurabh Goyal admitted that he, along with his associates, procured goods from multiple firms through Pushpanjali Enterprises and cheated the companies by deliberately issuing bounced cheques, a police officer said.
Police estimate the fraud amount at around Rs 3.5 crore, though investigators noted that the exact amount and details of related transactions are still being verified.
Goyal was produced before a local court on Saturday, which remanded him to five days in police custody. Authorities said efforts are underway to trace and arrest the remaining accused in the case.
This case highlights the growing trend of procurement fraud in the region. Businesses are advised to verify the credibility of buyers and ensure secure payment methods to avoid such scams.
